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Bottled soybean oil still in short supply
1735409859 from OIL&GAS
… interim government to hike soybean oil prices nearly three weeks back, … announced that soybean oil and palm oil prices would both be … when the new edible oil prices were announced as they … move their imported crude degummed soybean oil from Chattogram to …
Oman’s gas consumption up 4.8% in January-November
1735407670 from OIL&GAS
… This increase in overall gas consumption was largely driven by … driving up overall consumption. Gas usage in this sector … period in 2023. Similarly, gas consumption in the oilfields … factors, including changes in oil production strategies and the increased …
Ukraine-Russia Gas Transit Deal At Critical Moment of Truth
1735406852 from OIL&GAS
… buyers to continue purchasing gas directly from Gazprom. … companies. Slovakia’s gas utility Slovensky Plynarensky Priemysel … Hungary’s MOL Hungarian Oil and Gas Plc., trade associations and … content Permitting further Russian gas to transit through Ukraine …
OPEC’s ability to influence global oil prices greatly weakened – Expert
1735406387 from OIL&GAS
… West Texas Intermediate (WTI) crude oil prices, which have hovered around … noted the uncertainties surrounding OPEC’s production strategies, … unpredictable nature of OPEC’s decisions amid fluctuating … in shale oil production, often undermining OPEC’s attempts …
Petrobras Welcomes New Brazilian Oil and Gas Legislation
1735406321 from OIL&GAS
… -welcomes-new-brazilian-oil-and-gas-legislation An announcement … which restructures the oil and gas sector by permitting the … multinational corporation in the oil and gas industry, focusing on … a major player in global oil markets. YTD Price Performance …
North furious over Republic’s natural gas drilling plans
1735404357 from OIL&GAS
… recommence drilling for natural gas in the seas off … it added. American multinational oil and gas corporation ExxonMobil announced in … contains a potential natural gas reservoir named Electra, with … which contains the Glaucus natural gas deposit. “We’ve spent …
Oil logs weekly gain in holiday-thinned trade on low US crude stock, China stimulus outlook; Brent sits at $74/bbl
1735403867 from OIL&GAS
International crude oil prices settled more than … and British wholesale natural gas prices rose amid fading … new deal to transit Russian gas through Ukraine. -Tensions … We anticipate continued volatility in crude oil prices. Crude oil has support at $68. …
Iraq’s government requests to amend 2025 budget law on Kurdistan oil
1735402452 from OIL&GAS
… regarding the estimated costs of crude oil extraction. “A preliminary agreement has … been reached between oil companies and the Kurdistan Regional … .6. In the initial phase, oil companies will receive around $16 …
Crude Check: Signs of a rally
1735401044 from OIL&GAS
Crude oil prices rallied last week. The Brent crude oil futures on the … futures ($74.2) Brent crude oil futures, since mid-October, … 50. MCX-Crude oil (₹6,035) The January crude oil futures bounced … the chart shows that crude oil futures has a resistance …
Top 10 countries that purchased Nigerian crude in 2024
1735398935 from OIL&GAS
… #39;s top crude oil exporters, supplying high-quality crude to various countries … global oil prices, changing energy policies, and widespread oil theft, Nigeria's crude oil … international partners, had increased crude oil and gas production to 1.8 million …
Angola reiterates oil production above 1 million barrels/day
1735398095 from OIL&GAS
… 2025, to keep its crude oil production above 1 million … minister of Mineral Resources, Oil and Gas, Diamantino Azevedo, on … of the increase in crude oil production and further prospecting … Meanwhile, the average production of crude oil, this year, was just …
Tokenized Commodities: Investing in Oil, Gold, Natural Gas, and More
1735394224 from OIL&GAS
… , providing greater flexibility. Oil Oil is one of the … for various industries. Tokenizing oil simplifies the process of … volume of crude oil. By investing in tokenized oil, individuals can … and transportation. Natural Gas Natural gas is another critical energy …
Singapore oil mogul declared bankrupt after empire collapse
1735391620 from OIL&GAS
… , following the collapse of his oil trading empire. Most Read from … Leong traded a range of oil products, made lubricants and operated … 2020, as Covid—19 sent oil prices into freefall. Hin Leong was …
2 Bold Oil Stock Predictions for 2025
1735390303 from OIL&GAS
… one for the oil market. After a brief bounce, crude prices are … oil prices will do in 2025. I've seen predictions that crude … $50 a barrel. Given that oil prices are tough to predict, I … bold predictions about some notable oil sector companies next year. …
Oil logs weekly gain of 1.4% in holiday-thinned trade; Brent sits at $74/bbl
1735389158 from OIL&GAS
Oil prices settled more than 1% higher … from U.S. crude inventories last week. Brent crude futures rose 91 … . U.S. West Texas Intermediate crude futures rose 98 cents, or … about 1.4%. U.S. crude oil inventories fell by 4.2 …
MPOB to carry out surprise checks of palm oil buyers' weighing scales to safeguard smallholders, says Johari
1735388945 from OIL&GAS
… officers from the Malaysian Palm Oil Board (MPOB) will begin … total weight, tonnage, and actual oil extraction rate (OER), as … he said. ALSO READ: Palm oil prices could range between RM4,000 … of Malaysia's palm oil commodity, Johari suggested that …
Suspected leak of 'few tonnes' of oil from processing unit on Pulau Bukom, Shell working on clean-up with authorities
1735388719 from OIL&GAS
… 27, the oil and gas company said that oil sheens were … and further surveillance. Suspected oil leak under investigation: Shell … temporarily shutting down the oil processing unit. Emergency response … dispersants, and activated an oil skimmer system. "The …
Nigeria’s 2Million BPD Oil Output Target Under Threat -CBN
1735387821 from OIL&GAS
… million barrels per day of oil production is questioned by … causes of the drop in oil revenue during the third … hinder revenue growth, even though crude oil output increased slightly to 1 … oil terminals and pipelines. Nigeria’s ability to achieve its OPEC …
Oman’s GDP grows 1.9% in Q3 2024, fuelled by non-oil sector boost
1735387105 from OIL&GAS
… a robust performance in non-oil activities, which rose by 4 … 735.7 million. Meanwhile, the oil sector faced a decline, with … to RO 8.88 billion. Crude oil activities fell by 4.1% … 7.48 billion, while natural gas activities showed resilience, rising by …
Iraqi oil exports to Jordan rise by 7% in 2024
1735382373 from OIL&GAS
… A+ Shafaq News/ Iraqi oil exports to Jordan increased by … Organization for Marketing of Oil (SOMO), Iraqi oil exports to Jordan rose … 3.8 million barrels of oil from Iraq last year under … about 10% of Jordan’s crude oil needs.
Press review: EU preps for gas cuts via Ukraine as China boosts naval and air power
1735381162 from OIL&GAS
… . The transit of Russian gas through Ukraine reaches around 15 … prices. "The European gas infrastructure is flexible enough to … Union is already emptying its gas storage facilities at the … Cook Islands but carrying Russian oil, accusing its crew of …
How NUPRC’s professionalism, transparency, others drive Nigeria’s 2024 oil licensing round
1735379184 from OIL&GAS
… Oil & Gas Limited, Hakilat Oil and Gas Consortium Limited and Applefield Oil and Gas … decarbonisation measures in managing our oil and gas sector. “Accordingly, the … Tinubu’s Presidential Orders – Oil and Gas Companies (Tax Incentives, Exemption …
The rise of compressed natural gas as an alternative fuel in Nigeria
1735377350 from OIL&GAS
… producers of natural gas, boasts proven gas reserves of 206 … their proximity to major oil and gas companies. For instance, … domestic consumption of natural gas in various forms, … including Compressed Natural Gas (CNG), Liquefied Petroleum Gas (LPG), and …
OGDCL begins oil and gas production at Hyderabad well
1735377238 from OIL&GAS
The Oil and Gas Development Company Limited (OGDCL) has commenced oil and gas production at … technology and infrastructure. The extracted gas has been seamlessly integrated into … the Sui Southern Gas Company’s distribution network, enhancing …
Former Singapore tycoon Lim Oon Kuin declared bankrupt after oil empire crumbled
1735375127 from OIL&GAS
… , following the collapse of his oil trading empire. The name of … Leong traded a range of oil products, made lubricants and operated … 2020, as Covid-19 sent oil prices into free fall. Hin Leong …
Russian scientists criticise oil spill cleanup; Oil leak in Peru tourist zone triggers 'environmental emergency'
1735374414 from OIL&GAS
Russian scientists criticise oil spill cleanup; Oil leak in Peru tourist … volunteers were mobilised to remove oil-sogged sand from nearby … emergency" after an oil spill that triggered a clean … Las Capullanas beach when the crude oil was about to be …
CBN Attributes Decline in Oil Revenue to Outdated Pipelines
1735374352 from OIL&GAS
… a slight increase in crude oil production to 1.33 million … the nation to fulfil its OPEC production quota. Global factors … of Nigeria’s Bonny Light crude fell 5.45% to … as operational inefficiencies and falling crude oil prices took a toll. Federally collected …
Researcher: Finland's detention of Eagle S oil tanker sets legal precedent
1735371741 from OIL&GAS
… damaged, such as the Balticconnector gas pipeline in 2023. Lott said … Islands'-flagged Eagle S oil tanker this week was caught … months, several cables and a gas pipeline have been damaged by …
Oil rises 1%, heads for weekly gain in thin year-end trade
1735371118 from OIL&GAS
… economic recovery in China. Brent crude futures rose 62 cents, … U.S. West Texas Intermediate crude futures rose 70 cents, or … Show Full Article U.S. crude oil inventories fell by 3.2 … U.S. refining activity indicate crude oil stockpiles should have drawn down …
Oil rises, heads for weekly gain in thin year-end trade
1735371117 from OIL&GAS
… Khan NEW YORK (Reuters) -Oil prices rose on Friday and were … S. refining activity indicate crude oil stockpiles should have drawn down … and British wholesale natural gas prices rose amid fading hopes … new deal to transit Russian gas through Ukraine. (Reporting …
Oil rises over 1% on large draw from US crude stocks
1735371110 from OIL&GAS
… Show Full Article U.S. crude oil inventories fell by 4.2 … Dutch and British wholesale natural gas prices rose amid fading hopes … new deal to transit Russian gas through Ukraine. Tensions have … events are unlikely to effect oil prices much heading into next year …
While Guyana may not get higher royalties and profits, consider the five years of oil production and benefits as a work in progress
1735370637 from OIL&GAS
… of Guyanese to work in oil, and environmental issues, cultural … the past five years, using oil revenues, especially in infrastructure albeit … of poor quality. The gas to shore project at Wales … be several spinoffs. Liquid Natural Gas may also come on stream …
US EXIM Bank approves US$527M loan for Gas-to-Energy project
1735369865 from OIL&GAS
… and businesses by using natural gas-powered turbines to generate electricity … . Without this gas-to-energy project, Guyana … will continue to import fuel oil, one of the highest … than one million barrels of oil,” the US EXIM Bank …
Azerbaijani oil price exceeds 76$
1735364982 from OIL&GAS
The price of Azeri Light (CIF) branded Azerbaijani oil has increased in world markets, APA-Economics reports. The price of Azerbaijani oil per barrel increased by 0,75 USD or 1% to 76,12 USD. Note that Azerbaijani oil was previously traded for USD 75,37.
Nigeria’s 2 Million bpd oil production target under threat – CBN
1735362141 from OIL&GAS
… responsible for the decline in oil revenue during the third quarter … despite a modest rise in crude oil production to 1.33 million … shut-ins, arising from ageing oil pipelines and installations.” The ageing … ’s ability to meet its OPEC production quota.
Slovakia threatens Ukraine with power cuts if Russian gas flows stop as tensions deepen
1735359693 from OIL&GAS
… if Kyiv stops transporting Russian gas to central Europe. “After January … needs during network outages.” Russian gas that flows through Ukraine to … Slovakia. Slovakia still receives Russian oil that transits Ukraine through the …
Oil Set For Yearly Loss Despite Late Resurgence Of Geopolitical Concerns
1735357782 from OIL&GAS
… on the radar of jittery oil traders: File Image… considering the persistent bearishness of oil traders, all it took … Energy Information Administration reported that crude oil inventories fell by 4.2 … a ship carrying Russian oil it suspected was causing …
Interrogating Nigeria, Africa’s chance to improved oil exploration, revenue
1735356997 from OIL&GAS
… banning the importation of crude oil and gas, among other critical … Is Pushing Harder Towards Oil, Gas A pan-African research … population. According to OPEC’s World Oil Outlook, the Middle … vulnerability to oil price shocks. Growth in gas projects positions …
Last U.S. Crude Inventory Data Of 2024 Lifts Oil Prices By Over 1%
1735351118 from OIL&GAS
Aerial view of a crude oil storage facility in Cushing, Oklahoma, … said the country's crude oil inventories fell by 4.2 … release, the Brent front-month crude futures contract settled $0.91 … Concerns Continue To Weigh On Oil MarketsBy Gaurav Sharma It put …
Opposition to new gas stations is growing; city leaders must react
1735346401 from OIL&GAS
… serious concerns about another proposed gas station-car wash-convenience … be growing opposition to new gas station developments. The fight … fuels — such as coal, oil and gas, which are by far the … over 75% of global greenhouse gas emissions — and invest in …
BP gas leak 'not insignificant' operational issue and 'worst' Whiting native has ever smelled
1735345749 from OIL&GAS
… oil refinery in the Midwest. She's used to the gas … an immediate impact on retail gas prices but wholesale prices increased … increase in retail prices as gas stations replenish their tanks. … before Christmas, the average gas price in the Gary metropolitan …
Oil settles up on large US crude stocks draw
1735345362 from OIL&GAS
… barrel. US West Texas Intermediate crude futures rose 98 cents, … per barrel. NEW YORK: Oil prices settled more than 1% higher … drawdown from US crude inventories last week. Brent crude futures rose … . US West Texas Intermediate crude futures rose 98 cents, …
Reinventing Cooling: How the AIM Act is Transforming the Future of HVAC-R
1735344606 from OIL&GAS
SACRAMENTO, CA, UNITED STATES, December 27, 2024 /EINPresswire.com/ -- The AIM Act phases down HFCs, which are commonly used as refrigerants in air conditioning and refrigeration systems, reducing greenhouse gases. It pushes the HVAC-R industry …